While rate-hike odds rose modestly (Dec 47% to 50%), it seems the bond market is questioning The Fed’s hawkish-er tilt sending the 2s30s curve back near cycle record lows. Gold, stocks, and bonds are all rallying post-fed but WTI is fading…
No one is buying what The Fed is selling…
The initial jerk higher in The Dollar has disappeared…
Hardly a move in FF implied odds…
And the yield curve is flattening – policy-error-like..
With gold leading post Fed for now…
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